Tuesday, June 7, 2016

Commodity On-line News And Calls


COMMODITY ONLINE NEWS AND CALLS
                <<<<<<Commodity News upadated>>>>>>

DATE

PARTICULARS

SEGMENTS

07/06/2016 9:00pm BREAKING NEWS: ECBS VILLEROY SAYS EUROPEAN, NATIONAL REFORMS NEEDED TO BOOST GROWTH MCX
07/06/2016 07:40am US ZONE IBDTIPP Economic Optimism 48.2 VS 48.7 DATA IS LOW IMPACTED MCX
07/06/2016 06:08pm BREAKING NEWS: GOLD DROPS BELOW $1,240 AN OUNCE MCX
07/06/2016 06:04Pm US ZONE Revised Nonfarm Productivity qq -0.6% VS -1.0% Revised Unit Labor Costs qq 4.5% VS 4.1% DATA IS SUPPORTIVE FOR DOLLAR MCX
07/06/2016 05:47am COPPER BOUGHT STOPLOSS TRIGGERED AT 305.90 MCX
07/06/2016 03:12pm COPPER-JUN BUY 307.90 STOPLOSS 305.90 TARGET: 309.80 CMP 307.85 DISCLAIMER MCX
07/06/2016 01:40am Daily LME stock : Aluminium down by -6650MT, Copper up by 21825MT, Lead unchange 50MT, Nickel up by 738MT & Zinc down by -800MT MCX
07/06/2016 11:15am RBI keeps repo rate unchanged at 6.5 percent, reverse repo rate stays at 6 percent RBI
07/06/2016 11:07am RBI RATE DECISION : 6.50% VS 6.50% RBI
07/06/2016 10:11Am Today US Data : Productivity and Costs 6:00 PM Gallup US ECI 6:00 PM Redbook 6:25 PM MCX
07/06/2016 10:10am Global markets update :- Asia stocks rise as Yellen green-lights risk : -MSCI ex Japan extends gains as investors hunt for bargains -Inflows rise into Asia-focused equity funds -Corporate debt shines; government bond yields fall MCX
07/06/2016 10:07Am Crudeoil trading range for the day is 3248-3370.Crude settled up as fresh supply outages in Nigeria helped temporarily ease concerns related to persistent supply glut on global energy markets.The production disruptions in Nigeria have helped narrow the wide supply-demand imbalance on global markets. Tropical Storm Colin picked up speed over the Gulf of Mexico on Monday as it headed toward Floridas northwest coast, unleashing thunderstorms and flooding.U.S. crude oil production has fallen by 5.4 percent since January and by almost 10 percent since mid-2015 to 8.74 million barrels per day. MCX
07/06/2016 10:06am Zinc trading range for the day is 133.7-137.1.Zinc prices climbed on persistent concern about declining supplies Zinc is by far the best performing LME metal this year, rallying 25 percent on forecasts that tightening supplies will cause shortages.But high prices are weighing on physical demand in China, where premiums have dropped to $115 for bonded material from $135 in late May.Warehouse stock for Zinc at LME was at 379875mt that is down by -950mt. MCX
07/06/2016 10:05pm Naturalgas trading range for the day is 158.8-168.4. Natural gas rose to a five-month high on Monday, on forecasts for continued above-normal temperatures across most parts of the US. Demand to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning. Gains can be capped amid concerns over record-high storage levels. Total U.S. natural gas storage stood at 2.907tcf as of last week. Unless intense summer heat boosts demand from power plants, stockpiles will test physical storage limits of 4.3tcf at the end of October. MCX
07/06/2016 10:04am Aluminium trading range for the day is 102.8-105.Aluminium prices gained tracking firmness in other base metals after the dollar slid.Federal Reserve Chair Janet Yellen said a rate hike was on the horizon but did not specify when. A flurry of data from China in coming weeks is expected to reinforce views that the worlds second-largest economy is slowly steadying but not gaining momentum.Warehouse stock for Aluminium at LME was at 2501625mt that is down by -6600mt. MCX
07/06/2016 10:03Am Nickel trading range for the day is 571.1-591.7.Nickel had its the biggest advance in three weeks closed above 580 level amid concern about potential disruptions to supply.The main union at South32 Ltd.s Cerro Matoso, the worlds second-biggest ferro-nickel mine, said it will press ahead with plans to strike starting June 14. Theres concern that nickel may enter a deficit if the Philippines stops providing ore to China for nickel pig iron productionWarehouse stock for Nickel at LME was at 395760mt that is down by -1356mt. MCX
07/06/2016 10:02am Copper trading range for the day is 310.2-319.8.Copper settled flat paring all gains due to rise heavy rise in LME stocks after a shock miss in Mays U.S. jobs data pushed back expectations for a rate hike.Copper production in Democratic Republic of Congo, Africas top miner of the metal, dropped 20 percent in the first quarter of 2016.Hedge funds and money managers trimmed their net short position in COMEX copper contracts in the week to May 31, U.S. CFTC data showed.Warehouse stock for Copper at LME was at 174400mt that is up by 20725mt. MCX
07/06/2016 10:01am Silver trading range for the day is 38875-39577.Silver gained after Feds Yellen omitted any reference to the timing of the U.S. central banks next interest rate hike.Yellen said interest rate hikes were likely because positive economic forces have outweighed the negative for US, though the weak jobs report bears watching.Data showed that the U.S. economy created the fewest number of jobs in more than 5-12 years in May.Yellen also devoted a significant portion of her speech addressing broad areas of uncertainty within the global economy at large. MCX
07/06/2016 10:00am Gold trading range for the day is 29273-29587.Gold edged up, holding steady after Federal Reserve chair Janet Yellen said she still expected gradual U.S. rate increases. The Fed said that its index on labour market conditions fell to its lowest since May 2009, reinforcing a perception of slowing job growthHoldings in SPDR Gold Trust, fell 0.03 percent to 881.15 tonnes on Monday.Hedge funds and money managers reduced their bullish position in COMEX gold contracts in the week to May 31, government data showed. MCX

EQUITY TRADING CALLS

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